Hino to sell six sales subsidiaries in Japan

Group 1 - Hino Motors has agreed to sell six domestic sales subsidiaries as part of its strategy ahead of a planned merger with Mitsubishi Fuso Truck and Bus Corporation (MFTBC) on April 1, 2026, to form Archion Corporation [1][4] - The company plans to transfer 80% of the shares in five subsidiaries to its Taiwanese distributor, Ho Tai Motor Company, while retaining a 20% stake or less in these companies [2][3] - Hino will also transfer 88.5% of the issued shares of Shizuoka Hino Motors to Aichi Hino Motors Ltd, a long-standing dealer in Aichi Prefecture [3] Group 2 - Hino expects to record a one-off gain from the sale of these shares in the first quarter of the 2026 fiscal year, which begins in April [4] - The merger with MFTBC aims to enhance product and service competitiveness, while both companies will continue to compete in the marketplace [5] - To maintain service quality and address competition law concerns, Hino decided to transfer managerial control of certain domestic sales companies to partners with no capital relationship to either Hino or MFTBC [5]